Birmingham Capital Management Co. Inc. AL Sells 28,450 Shares of Schwab Long-Term U.S. Treasury ETF $SCHQ

Birmingham Capital Management Co. Inc. AL reduced its stake in shares of Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ) by 19.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,550 shares of the company’s stock after selling 28,450 shares during the period. Schwab Long-Term U.S. Treasury ETF makes up approximately 1.7% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 21st biggest holding. Birmingham Capital Management Co. Inc. AL owned 0.45% of Schwab Long-Term U.S. Treasury ETF worth $3,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 11.2% during the second quarter. Farther Finance Advisors LLC now owns 4,750 shares of the company’s stock worth $151,000 after buying an additional 479 shares during the period. Fermata Advisors LLC lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 1.4% during the second quarter. Fermata Advisors LLC now owns 37,628 shares of the company’s stock worth $1,200,000 after buying an additional 527 shares during the period. Park Place Capital Corp lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 176.9% during the second quarter. Park Place Capital Corp now owns 886 shares of the company’s stock worth $28,000 after buying an additional 566 shares during the period. IFP Advisors Inc lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 2.7% during the second quarter. IFP Advisors Inc now owns 22,207 shares of the company’s stock worth $708,000 after buying an additional 582 shares during the period. Finally, Seek First Inc. lifted its stake in shares of Schwab Long-Term U.S. Treasury ETF by 2.3% during the second quarter. Seek First Inc. now owns 33,532 shares of the company’s stock worth $1,069,000 after buying an additional 760 shares during the period.

Schwab Long-Term U.S. Treasury ETF Trading Down 0.2%

NYSEARCA:SCHQ opened at $32.86 on Monday. Schwab Long-Term U.S. Treasury ETF has a 12 month low of $30.24 and a 12 month high of $33.84. The firm has a fifty day simple moving average of $32.05 and a 200-day simple moving average of $31.64.

About Schwab Long-Term U.S. Treasury ETF

The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.